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808 NW 19th St 9 Unit Apartment Building $1,499,000 ($166,556/Unit) 7.59% Cap Rate Fort Lauderdale, FL 33311
INVESTMENT HIGHLIGHTS
- 9 Units
- Corner Lot
EXECUTIVE SUMMARY
Profitable well maintained multi family building with 8 spacious furnished studios and one 2/2 apartment unit with washer and dryer. 10 parking spaces. Convenient location to shops and restaurants. 10 minutes to Lauderdale beach. A great investment with a 7% return NOI. Fully occupied building. Please don't disturb tenants. Contact agent for showing or information. All have yearly lease.
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,499,000 | Building Class | C |
| Price Per Unit | $166,556 | Lot Size | 0.22 AC |
| Sale Type | Investment | Building Size | 6,252 SF |
| Cap Rate | 7.59% | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1981 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | RDS-15 - Allows low to medium-density residential development, like duplexes. | ||
| Price | $1,499,000 |
| Price Per Unit | $166,556 |
| Sale Type | Investment |
| Cap Rate | 7.59% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 6,252 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1981 |
| Opportunity Zone |
Yes |
| Zoning | RDS-15 - Allows low to medium-density residential development, like duplexes. |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Microwave
- Washer/Dryer
- Tile Floors
- Kitchen
- Refrigerator
- Range
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 8 | $1,350 | 365 |
| 2+2 | 1 | $1,925 | 1,460 |
1 1
Walk Score®
Very Walkable (70)
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808 NW 19th St
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